NZDCHF Can we expect the bullish up move now ?
Updated
Hi traders:
Looking at NZDCHF's price action from higher time frame, we see a clear bullish up move,
and now price has form into this deep, flag/channel correctional structure.
Price continue to correct, and moving side way in the consolidation phrase.
But now, looking at the latest price action on the lower time frame,
we are still smaller descending structure, and at the bottom a inverse Head and Shoulder, possible reversal price action overall.
If we are going to get a correction finished on the HTF, then do expect the price to start the bullish reversal from the bottom,
and continue to move impulsively up to the top of the HTF structure.
thank you
Note
Note
Exit after a H and S pattern formed,Moved the SL below the right shoulder
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